FINANCEDRetail
CBL Properties Secures $135 Million Refinance For West County Center Retail Asset In St. Louis
80 West County Center Drive
$135,000,000
$112/SF
Building Size
1,200,000 SF
Asset Type
Retail
Closing
Oct 12, 2026
About this deal
AI
The asset involved in this transaction is a retail property located at 80 West County Center Drive in St. Louis, MO, with a square footage of 1,200,000. The loan amount associated with the refinancing is $135,000,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $135,000,000
- Loan Type: Refinance
- Loan Terms: 5-year
- Landlord: Ben Jaenicke - CBL Properties
CBL Properties successfully refinanced its prior mortgage, replacing a $136.4 million loan with the new terms. This transaction generates approximately $2 million in net proceeds and eliminates the previous loan’s cash sweep, which adds an estimated $7 million in annual free cash flow and resolves the company's final near-term debt maturity.
On the Map
$135,000,000
$112/SF
Retail
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Players
South Fork Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93